To open long positions on EURUSD you need: The previous day’s statistics for the eurozone did not immensely delight buyers of the euro. At present, the first signal for opening long positions may be a false breakdown in the support area of 1.1395-1.1390, however, larger euro buyers will emerge at a new low in the […]
To open long positions on GBP/USD you need: Buyers of the British pound are not yet in the market. Only an update of yesterday’s low in the support area of 1.2915-1.2910, with the formation of divergence on the MACD indicator, will lead to the formation of an upward correction with a large resistance test of […]
GBP/USD The British pound is rapidly approaching the important support of the Krusenstern line on a daily scale (1.2880), the overcoming of which will open the target of 1.2625. But now the downward trend has intensified by the transition of the signal line of the Marlin oscillator to the zone of negative numbers (daily). We […]
EUR/USD On Tuesday, the euro lost 32 points and did the main thing on this day to form the conditions for further movement – it was fixed under the balance lines and Krusenstern on the daily scale chart. The situation is similar on the four-hour chart. The signal line of the Marlin oscillator on a […]
When the European market opens, some Economic Data will be When the European market opens, some economic data will be released such as German Factory Orders m/m. The US will also publish the economic data such as 10-y Bond Auction, Crude Oil Inventories, Trade Balance, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, so […]
In Asia, Japan will not release any economic data today, but the US will publish some economic data such as 10-y Bond Auction, Crude Oil Inventories, Trade Balance, Prelim Unit Labor Costs q/q, and Prelim Nonfarm Productivity q/q. So there is a probability the USD/JPY pair will move with a low to a medium volatility […]
For yesterday’s trading day, the currency pair Pound / Dollar showed a low volatility of 73 points, while maintaining a downward interest. From the point of view of technical analysis, we see how the quotation has gone into the boundaries of the range level of 1.3000 / 1.3050, which forms sluggishly. Information news background continues […]
The growth impulse for EURUSD, received last week, was not enough to start a movement. The picture looks like a return to the range on Tuesday morning. There are no important news that can give the market a strong push – opportunities, such news will appear in the coming days. We keep buying from 1.1395 […]
The euro has once again dropped against the background of data in which stagnation is noted in the economies of Italy and France. Only the prospect of growth in the German economy keeps the EURUSD from a larger downward movement. According to today’s report, the Purchasing Managers Index (PMI) for the eurozone services sector remained […]
4-hour timeframe The amplitude of the last 5 days (high-low): 144p – 90p – 62p – 72p – 74p. Average amplitude for the last 5 days: 88p (88p). After several days of deliberation, the British pound sterling went down, as we had expected. At the moment, the second support level of 1.2942 has been developed. […]
4-hour timeframe The amplitude of the last 5 days (high-low): 39p – 96p – 78p – 54p – 37p. Average amplitude for the last 5 days: 61p (64p). The European currency paired with the US dollar, slowly but surely, continues to move down. During the day, business activity indices in the services and production sectors […]
Employment data out of New Zealand will be watched on Thursday (Wednesday, 21:45 GMT) as investors try to gauge the Reserve Bank of New Zealand’s next move ahead of the central bank’s policy meeting the following week. Recent economic indicators from the country have been showing an improving trend, lessening the need for a rate […]
Key indicators out of Germany will be in focus this week as investors assess the health of the Eurozone’s industrial powerhouse for the month of December. Industrial orders will be watched first on Wednesday, followed by industrial production numbers on Thursday and trade figures on Friday, all due at 0700 GMT. After a dismal second […]
GOLD PRICES held $5 lower for the week so far on Tuesday morning in London, trading at $1313 per ounce as world stock markets rose at the start of the Chinese New Year of the Pig. Shares in Australia’s banking sector jumped after the Reserve Bank kept its key interest rate on hold at […]
According to experts of the investment bank Morgan Stanley, despite the fact that the position of the US currency is still strong, its prospects in the medium and long term look far from optimistic. “Markets today underestimate the potential for weakening the greenback, taking into account shifts in the course of the US Federal Reserve […]
Rumors of problems with global positions make it possible for the “bulls” on the North Sea oil to feel comfortable near the maximum levels for the last two months. The factor of US sanctions against Venezuela is, to a large extent, taken into account in futures quotes, but the fact that the European Union has […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1420 was needed to […]
The upward movement remains an impulse, therefore the important level of support is the a CZ 1.1422-1.1413. The test of the specified zone should be considered for the appearance of demand and the pattern for purchases. If this happens, the first goal will be the maximum of last week. Further targets will be measured from […]
To open long positions on GBP / USD, you need: The pound continued to decline against the background of weak data on PMI indices, which continue a series of weak statistics on the UK economy. Buyers today can only rely on the formation of a false breakdown in the support area of 1.2995, and otherwise, […]
To open long positions on EUR / USD, you need: Buyers of the euro were in a losing situation after the release of weak PMI indices for the eurozone countries, which led to a further decrease in the euro along with the trend. At present, it is best to return to long positions after the […]
The Bitcoin is trading sideways at the price of $3.471 on a light volume. White lines – bearish flag in creation Most recently, I have found that a fake breakout of the resistance ($3.535) and hidden bearish divergence on the MACD oscillator, which is a sign of weakness in the background. Short-term resistance is set […]
Dear colleagues. For the currency pair Euro / Dollar, we are following the downward structure of January 31 and in order to continue the upward movement, it is necessary to design the local structure. For the currency pair Pound / Dollar, the development of the downward cycle of January 28 is expected after the price […]
The GBP/USD pair made a successful change in trend behavior from bullish to bearish. The key resistance at 1.3215 held successfully and the sellers started the distribution process. Short-term trend remains bearish and we are still holding our short position. Blue lines – bearish channel GBP/USD is in a bearish trend making lower highs and […]
Sellers are in control on Gold. We found a confirmed head and shoulders pattern, which is another strong sign of weakness. The price did small upward correction and fund support at $1.308.00 but in my opinion only temporary. The key short-term resistance remains at $1.323.00. As long as this resistance is holding, you should watch […]
USD/JPY has been quite impulsive amid the recent bullish momentum. The price is holding at the edge of 110.00-50 resistance area with a daily close. Ahead of macroeconomic data from the US this week, JPY has been quite solid amid the recently published economic reports while the Bank of Japan is busy with the wage […]
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the […]
The beginning of the week on the oil market was quite volatile. On Monday, the trading range of quotations was quite wide. Thus, during the day, a barrel of raw materials of the Brent variety managed to rise in price to a 2-month high and drop in price to a weekly minimum. Today, the black […]
Wave counting analysis: On February 4, the GBP / USD pair lost 35 bp. Despite the fact that wave 4 takes a fairly extensive form and now it already reached 50% mark of Fibonacci from the size of wave 3, the chances that the ascending section of trend will continue its formation. However, I warn […]
Overview: The GBP/USD pair will continue rising from the level of 1.3048 today. So, the support is found at the level of 1.3048, which represents the pivot point in the H1 time frame. Since the trend is above the pivoti level, the market is still in an uptrend. Therefore, the GBP/USD pair is continuing with […]
Large-scale graphics: Since April of last year, the rising wave has been developing on the chart of the motocross pair. In its structure, the middle part (B) is nearing completion. Medium scale graphics: The bearish stretch of December 10 in the larger wave model formed a correction. The price has reached the potential reversal zone, […]
